Tennessee Sports Betting | Top 4 Online Bookies in TN 2024

It may seem like things have been moving slow in some US states where sports betting is concerned, but not in Tennessee. As of Sunday, November 1, 2020, The Volunteer State officially launched its own sports betting market. Obviously, that came about after the Supreme Court struck down the PASPA law in 2018, and while that may have been over two years ago, Tennessee has been pushing through with legalizing sports betting ever since. Now, it is finally here, and the residents of the state are ready to engage in it wholeheartedly.

Of course, there are several platforms providing bettors with the opportunity to access sports betting markets. So, it’s our intent to give you some details on the Tennessee state law surrounding sports betting, other forms of online gambling, and take a look at some of the best online sportsbooks providing such to players. Various offshore platforms still exist that offer their services to residents of Tennessee too, so we’ll be providing some insight into those alongside.

Top 4 Sports Betting Sites for Players from Tennessee in 2021

Even though Tennessee has introduced legal sports betting to its residents, some of the offshore sites providing such services remain as the best options there. That’s why we have listed them here for you to discover more about and visit. Of course, these aren’t solely tailored towards Tennessee residents. They can actually be accessed by players from around the United States of America. Therefore, they’re quite welcoming to anyone looking to engage in sports betting. Let’s have a look at the top 4.

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Is Tennessee Sports Betting Legal? YES!✅

While it’s been a long time coming, more and more US states are legalizing sports betting. Tennessee’s market has recently come into effect, as of the beginning of November 2020, introducing a little slice of Nevada to players. So, is sports betting legal in Tennessee? Finally, yes! This could potentially have been delayed due to the COVID pandemic, but the BetMGM, FanDuel and DraftKings platforms all began providing their sports wagering services recently, and it doesn’t look like there’ll be a lack of other sites providing their options to the state in the near future, either. The state has such low entry terms that it’s likely more sportsbook apps will become active in The Volunteer State soon. Plus, the sites are able to provide a deposit bonus to newcomers, meaning that there’s even more incentive for people to join them.

It didn’t take long for Tennessee sports bettors to engage in the activity either, spending $27 million in first-week sports bets. Of course, a first bet with a deposit bonus on top of your balance is always going to be an exciting prospect. However, bettors will likely see pricing drop in Tennessee, due to the required controversial 10% hold that was introduced there – something which has not been included elsewhere in the United States.

At the same time as the three sportsbooks mentioned began their active operation in Tennessee, the locally developed app known as Tennessee Action 24/7 was conditionally approved by the state regulatory body. Of course, this does have quite the challenge ahead, knowing that it needs to compete with the well-known brands like DraftKings and so on. A background check is currently being undertaken when it comes to the operator of Action 24/7, and once this has been completed (and provided there aren’t any issues), it can launch.

The same is true of William Hill, which has been slated to launch a TN sportsbook operation for some time. However, due to the various restrictions within the state, no official launch date has been provided for this brand yet.

Sports betting in Tennessee

Bettors based in Tennessee have been able to access opportunities from DraftKings since 2016, though. It has provided daily fantasy sports in the state since that time, with Tennessee being the third US state to legalize DFS behind Indiana and Virginia. This is what brought DraftKings to the attention of most residents there. It was in 2018 that the brand extended into standard sports betting alongside its DFS options, starting out in New Jersey with this.

The same can also be said about FanDuel, which has been offering DFS in Tennessee prior to its official sports betting launch in 2020. As far as BetMGM is concerned, well, this is unsurprisingly the brand that represents MGM Resorts. Of course, this is a great thing for Tennessee, due to the fact that MGM is well-known throughout the world. And this one even provides a 100% deposit match up to $500 for newcomers.

For sports betting, remote registration is the only way to proceed with accessing these opportunities. There aren’t any land-based locations where you can access sports betting options within the state, so it must always be done through the mobile apps. You do have to verify your location when playing sports betting from Tennessee, though. That’s where the state’s geolocation software comes into play, which will ensure you’re within the state’s borders.

Legalization of Sports betting in Tennessee

How did Tennessee’s legalization of sports betting come about, though? Well, as it happens, it was quite the surprise for many people. Tennessee isn’t specifically friendly towards gambling. In fact, the only provision it caters to in general is the state lottery. Every charitable and pari-mutuel wagering is illegal within The Volunteer State, and there aren’t any tribes to set up tribal casinos, either. Commercial casinos aren’t allowed, and racetrack betting isn’t a possibility. So, it’s quite the oddity that Tennessee would move forward with legalizing sports betting.

Yet, once the Supreme Court overruled the PASPA law in 2018, it seems as though something stood out for Tennessee. Furthermore, it has a unique standing with sports betting, as these are offered exclusively online in the state, rather than at land-based establishments as well. This made Tennessee the first state to provide legal sports betting solely in an online environment.

Even though this is the case, Tennessee residents won’t suffer any sort of lack of entertainment from this. Lawmakers have made it possible for options like point spreads, moneyline betting, proposition, totals, parlays and so on to be accessible via the sports betting apps. And there’s also the opportunity for residents to bet on professional sports teams from the state. This includes legal sports betting on teams like the Tennessee Titans, Nashville Predators, Memphis Grizzlies and a variety of college sports teams.

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The Top 4 Sports Betting Sites Overview

Tennesseans have various online sportsbooks that can be accessed from within, but only a few of them can really be considered as the best. Fortunately, our team of sports gambling experts has reviewed and rated the different platforms in an effort to bring you the information on the greatest ones. So, let’s take a look at the top 4 sports betting sites in Tennessee.

1. Everygame Sportsbook – The Best for a Long-Running, Experienced Platform (Welcome Bonus: 200% up to $50)

There’s very little that the Everygame site can’t attribute to its name. With more than 35 years of experience in the sports betting industry, it allows you to really witness that experience in full effect from the first visit. Furthermore, you can receive up to $50 on top of your first deposit so that you’re able to benefit from a better starting balance. The sportsbook provides over 4,000 pre-match events every day, offers an excellent mobile variation of the site and has a wonderful design to it, too.

What we like:

Over 4,000 pre-match events every day
Ideal mobile version of the site
Great website design
Long-running sportsbook brand

What we don´t like:

Low withdrawal limits in effect
No Bet Builder available

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2. BetOnline Sportsbook – The Best for Large Wagering Limits and Top-Quality Betting Software (Welcome Bonus: 50% up to $1,000)

First entering the online world in 2001, BetOnline has grown considerably to encompass sports bettors from all around the globe. This means that it brings a considerable amount of experience and high reputation to the sports betting sector. Higher betting limits are frequently offered on US sports as well, and with you being able to claim such generous bonuses from BetOnline, you’re almost bound to have a good time betting there. Plenty of props and futures can be found for betting on across the 25+ sports categories.

What we like:

Over 25 sports to bet on
High betting and winning limits in operation
Long-running, experienced brand
98% MLB payouts and 96% NFL and NBA payouts

What we don’t like:

Fees to pay on both deposits and withdrawals
Average odds for live betting opportunities

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3. MyBookie Sportsbook – The Best for Presenting Exceptional Sports Betting Software (Welcome Bonus: 50% Up to $1,000)

When you make a first deposit of at least $20 at MyBookie, you’ll get to experience a reward of 50% up to $1,000 as a newcomer. That’s just how things start at the sportsbook. It gets even better when you realize that the platform features markets from many different sports, offers a great payout process and has a comprehensive support system. Something else that is inviting about MyBookie, is that it supports various cryptocurrencies as well, including Bitcoin Cash and Litecoin, and there is no maximum deposit limit with either of these.

What we like:

Supports a variety of cryptocurrencies
Great payout process with no fees to pay on Bitcoin transactions
Well-informed and helpful support team
Up to $1,000 available from welcome offer

What we don’t like:

Features a large rollover for bonus offers
Previous reports of slow payouts from several years ago

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4. Bovada Sportsbook – The Best for Its Excellent Sign-Up Bonus and Strong Promotions (Welcome Bonus: 75% Up to $750)

You can’t have been involved in the sports betting sector for a long time if you haven’t heard of Bovada. It’s one of the powerhouses in the industry, with 96% payout on US sports, round-the-clock customer support and a wonderful interface to utilize. Not only that, but over 30 sports exist at the site for you to bet on, you get the added benefit of utilizing low minimum bets of $0.50 and 1-click bets are in action, too. All in all, it’s a great offshore site catering to Tennessee natives.

What we like:

Allows betting on 30+ sports
24/7 customer support
Speedy withdrawal service
Strong promotions throughout the year

What we don´t like:

Has a tendency to limit sharp bettors
Few payment methods supported

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How We Rate the Best Tennessee Sports Betting Sites

There are various processes that our team goes through when rating the best Tennessee sports betting sites. This includes checking for various features, ensuring that everything is secure and making sure that players will always have a good experience there. That’s how we have created our list of the top sportsbooks in Tennessee. Some of the inbuilt features that we want to see include:

Mobile compatibility
High-quality security measures in place
Exceptional range of sports to bet on
A friendly and dedicated support team
An official license and/or high level of repute
Support for various payment methods
Easy navigation system in place
Exceptional welcome bonus and ongoing promotions
VIP scheme and/or loyalty program

What to consider when choosing a Sports Betting Site

While it’s true that we want to advise you on the best sports betting sites for Tennessee, we always want to be able to follow some guidance yourself on this, too. That’s why we have put together some things to consider when choosing a sports betting site for yourself. This way, if you’re looking for one that isn’t on our list, you can decide whether it caters to you properly.

Licensed and Regulated

The sportsbook should have an official license while operating or be providing an amazing self-regulated service. The former is quite easy to check into, but for the latter, have a look at reviews of the sportsbook by other players. See what they’re saying about it to find out more.

Banking methods

Look for your preferred payment method being supported by the site. If you want to deposit through Visa but the site only accepts cryptocurrency, then it’s not going to cater to your needs, is it? So, find out what supported banking options the site offers, and be sure to check into any fees that may be associated with such transactions, too

Safety and Security

Look at the security levels of the sportsbook you’re joining. It should provide you with the feeling of safety from having a secure server and utilizing data encryption technology. This keeps you and your data safe from third parties.

Bonus and rewards

Make sure that you’re able to get involved with some exciting promotions during your time as a sports bettor at the site. A welcome offer is always going to be great for a newcomer, but regular players also need something to benefit from. The best online sportsbooks will always treat their members right.

Customer support

Make sure that the sportsbook provides good customer support features. This means that you should be able to speak to advisors through live chat, telephone, email and possibly social media, too. Furthermore, agents should be friendly and contactable as frequently as possible.

Range of Betting Markets

Check out what the variety of sports on offer at the platform is like. It’s important for there to be plenty of events for you to wager on, a good selection of odds associated with them and a good selection available for live betting purposes, too.

Bet Types That Are Allowed in Tennessee Through Legal Betting Apps

Accessing one of the state’s legal betting apps will allow you to bet on various sports, including local professional sports teams from the NFL, NBA, NCAA and so on. So, exactly what types of bets can be placed within Tennessee through these apps?

Point spreads or spread bets as they’re sometimes known, can be placed relating to the winning margin of victory in a game.
Moneyline bets are possible on the winner of a match.
Totals bets also go by the name of over/unders, which are wagers on the total number of combined points or goals that the two competing teams will score.
Propositions bets – or prop bets – relate to things that are pretty much outside of the overall outcome of a game. So, anything that is relative to the partial game result or a milestone achievement during gameplay can be considered a proposition bet.
Live betting is also possible in Tennessee, allowing you to place wagers while a game is in operation.
Parlay betting, which combines several wagers into one single bet.

What Sports Can You Bet on in Tennessee Through Legal Betting Apps?

It’s true that there are numerous different types of wagers that Tennessee bettors can place at their chosen online betting site through an app. However, what sports are available to bet on through these legal apps? Well, it’s true that a mobile device with such an app will allow you to place wagers on local teams. This means that Tennessee teams within the NHL, NFL, MLB, NBA and even college football teams etc. can be wagered on. Sports betting in Tennessee isn’t hugely restricted with the new state laws.

So, this means that if you’re a Tennessee Volunteers fan, they can easily be bet on to win the Super Bowl or make it through to the playoffs, for example. The state of Tennessee also allows you to place bets on various international sports through the mobile apps. That being said, it’s probably more appropriate to highlight what cannot be wagered on from within.

Sports betting in Tennessee cannot occur on high school events. However, this is something that is universal throughout the USA with legal sports betting in operation. One other thing to take note of is that you aren’t able to place in-game or live bets on collegiate sporting events. As part of the sports betting bill signed into law by Gov. Bill Lee, sportsbooks cannot incorporate bets on anything other than sports, either. So, don’t expect to be able to wager on the elections or television shows through the mobile sports apps.

The Future of Tennessee Sports Betting & Online Gambling

For the moment, it’s not really very clear as to what the future holds for Tennessee’s sports betting sector. As it has only just launched, time will tell whether Tennesseans will really want to involve themselves with it on such a grand scale. Of course, it may be a bit of a downfall considering that there isn’t any sort of standard gambling structure within the state already.

Not only that, but the population of the state isn’t as great as it is elsewhere, so sports betting may not be something that takes off in a huge way. And thanks to the fact that there are no land-based or online casinos to help boost revenue within, it may end up being a large cost to continue operating in the long-run. However, that remains to be seen. While sports betting’s future could be challenging in Tennessee, that’s not to say that it will outrightly fail.

Where Else is Online Gambling Legal in the US?

Best Online Casinos in Tennessee

Despite the fact that online casinos are pretty much illegal within Tennessee, there are various offshore sites providing such services to residents. This means that you can play a selection of casino games, including slots, blackjack, roulette and so on. We know of the best online casinos for Tennessee residents to access, so why not browse through our list and find one to suit your preferences?

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The Bottom Line

It’s always great to see a US state incorporate sports betting into its state laws. With Tennessee, it’s difficult to see where the intent for this actually came from, but it’s here nonetheless. Fortunately, there are several online sites providing such, both from within the borders and from offshore platforms. It would be nice to see the industry grow even more within Tennessee, although whether this will happen or not is something that everyone will be waiting to see.

Tennesee Sports Betting FAQs

Is It Safe to Download a Tennessee Sports betting App?

Yes, it’s 100% safe as long as it’s a reputable and recommended brand. Simply access the store on your device and search for the sports betting app you would like. Or, visit the online site of the brand and download it directly from the platform.

Is Horse Racing Betting Legal at a TN Sportsbook?

It is a legal activity, yes. However, there aren’t any racetracks or retail venues within the state that allow you to do this, so all horse racing bets must be done online.

Can I Utilize a Cash Out Function at State Betting Sites?

If you’re accessing sites like DraftKings or FanDuel, as recommended, then there is the possibility of using an early cash out function, yes.

Who Oversees the Tennessee Sports Betting Sector?

It is the Tennessee Education Lottery Corporation that lawmakers in the state chose to be the regulators of sports betting. All the rules and regulations surrounding the governing of sports betting apps in The Volunteer State were finished by this organization in April 2020.

Why Can’t I Place Sports Bets Via Land-Based Venues?

Tennessee doesn’t have any retail sportsbooks or commercial venues for you to visit in order to do this. There are no casinos or racetracks where you can visit and place sports bets, which is why everything is done via the mobile apps available or an offshore site.

What Tax Rate Is Paid by Sportsbooks in Tennessee?

There are no restrictions on who can apply to be sports betting operators in TN, but it needs to be approved by the state regulators. However, it does come with one of the higher tax rates in the US, with 20% of revenue being taken for tax purposes. Furthermore, a licensing fee of $750,000 must be paid annually by anyone offering legal sports betting.

Jack Schiffko

Top 4 Sports Betting Sites for Players from Tennessee in 2021